Smart Electricity Shopping
Knowing how to read an Electricity Facts Label (EFL) is the key to finding the right electricity plan for your home. It’s easy get pulled in by the advertised rates, showing low prices at a certain usage level. But the EFL shows you the math behind that attractive rate, showing you exactly what to expect from your electricity plan.
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It’s easy to shop for an electricity plan. But for many consumers living in states with electricity deregulation? Well, the process of how to shop for an electricity plan can seem overwhelming.
After all, many states have a large number of electricity providers. Each provider offers different plans that often look very similar at first glance. If you’re not sure how to get started shopping for electricity plans, you’re not alone. This short guide will get you started.
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Choosing the electricity plan type is just one of many choices you’ll have when choosing your new electricity plan. There are fixed, variable and indexed electricity plans. It can be confusing to sort through the different options available, especially if you’ve never bought an electricity plan before.
Take a breath, because finding the perfect plan rate type for your family or small business is a lot easier than it looks. We’ll walk you through what you need to know about electricity pricing. And we’ll call out things that are different in Texas, the biggest deregulated electricity market in the U.S.A.
Read More about Types of Electricity Plans: Fixed, Variable, and Indexed